foreclosure

How many years ago and what state do you live in??

Yes, many banks will settle for what's left. Especially if it's really old. I work in the mortgage business and I've seen many of them settle. Mostly because of the foreclosure the client does not own real estate and therefore there is nothing they can put a lien on.

i live in ohio and the foreclosure happened in 2001, and i have been faithfully paying this down monthly and used my tax returns ect..i now owe about 18,000 outta the 53,000 i started with but its draining me now...the actual house tied to the property sold years ago, this is an unsecured debt at this point..

Yes, the would settle. Especially if you've got it down to that amount. I work in Ohio.

I filed bankruptcy (in KY) in 1999 and moved out of my house. About 3 years later I heard from the loan company about the debt. I told them that I had filed bankruptcy and moved out. They said that they had never forclosed and that I still owned the house. They wanted to know if I knew of anyone who would want to buy it. The neighbor showed interest, so I sent them their name and what they would offer. They called me and said that wasn't enough, and I never heard from them again. I was just wondering what my options are relating to the property? It's not worth much, but it's getting real ran down and the neighbor is starting to complain. I moved out of state a few years ago and can't care for it. I'm not sure who has the loan now? I know the statue of limitations in KY is 15 years on real estate.

Wow. I have no idea. I have never heard of this happening to someone. I'm sure someone else will come along with some advice.

Hang in there.